It is not unusual to find a miscalculation or error in scheduled payroll tax liabilities in QuickBooks. Even a minor mistake while setting up payroll taxes can result in huge discrepancies when you finally run the payroll for your employees. These miscalculations and faults in payroll setup can cause errors like wrong scheduled payroll dates, incorrect pay period, overdue liabilities, and inaccurate paychecks. Deleting or removing scheduled payroll liabilities can fix such errors in QuickBooks, and this article will walk you through each step of removing and eliminating scheduled payroll liabilities in QuickBooks. Follow the complete article for more details.
In a number of cases, taxpayers fill incorrect information or amount in their tax forms. If you have also filed a tax form with incorrect information, then you will need to fill another form with the corrected information also known as an amended form. To correct the information entered in a W-2 form, taxpayers are required to file W-2 C form before the deadline. In this article, we will show you how to correct the incorrect info entered on a W-2 form and what else you are required to do in case of incorrect W-2 filed. Follow the IRS guidelines to see what info can be corrected on a W-2 C and W-3 C form.
Nearly 30% of small business owner’s overpay their taxes every year to the state and federal tax authorities either because of the incorrect tax payment calculation or because of the fear of getting penalties from the IRS. If you are an employer who has overpaid payroll tax liabilities using QuickBooks, then you might want to get the overpaid amount credited as your payroll tax liabilities and get this overpayment adjusted in QuickBooks Company file. This article clarifies every step you need to take to adjust overpaid payroll liabilities in QuickBooks and getting it as a credit to payroll tax liabilities.
With the launch of QuickBooks 2019 sick and vacation pay feature is now more reliable and delivers accurate results. However, sick and vacation time may accrue correctly if a user has made mistakes in payroll items or while setting up sick / vacation in QuickBooks payroll for the employees. Further, in this article, we have listed all the reasons that cause errors in sick and vacation pay calculation along with the types of errors a user might face while preparing paychecks. You will also find easy troubleshooting steps to rectify each error, follow the complete article for detailed info.
Once again, the tax season is coming, as we are moving towards the end of the year 2018 and as like every year, most of the taxpayers have already started preparing their Federal and State tax forms for online filing before the deadline. QuickBooks Payroll provides the ultimate solution for employee’s payroll and tax management. Sometimes users encounter errors while operating Payroll in QuickBooks of which most of them are caused by incorrect data input and misconfigured settings. In this article, we are going to discuss QuickBooks Payroll update error PS032 and PS077. Follow the complete article for detailed troubleshooting instructions.
While preparing paychecks if a payroll item is not calculated or if calculated with errors then you might get incorrect tax total. QuickBooks, however, notifies users at various steps of preparing paychecks and if the recommended method is not followed and the user ignores these recommendations, paycheck might be miscalculated. Various reasons cause this type of error in payroll item calculation on paychecks that you can determine while following the troubleshooting method listed in our article.
QuickBooks Payroll service allows users to run payrolls and e-file federal and state taxes with ease and is considered as the most cost-effective ways to pay employees. A common error that user encounters while updating payroll is QuickBooks error 15243 that evolves when QuickBooks File Copy Service (FCS) stops working due to some reasons. Once you get this error, you will see an error message on the screen “Error 15243 – The update of payroll is not able to complete successfully. The QuickBooks FCS service is damaged”. To resolve this error, you need to follow multiple troubleshooting steps that we have mentioned further in our article.